Groton, CT—06340
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Groton, CT
Home Price Trends — Groton, CT
As of Oct '25, the median home price in Groton, CT is $364,000, with a year-over-year change of 3.1%. This indicates that home prices in Groton, CT are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $364,000 | 3.1% |
| Single Family | $404,000 | 2.8% |
| Condos | $244,000 | 5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $196,000 | 3.7% |
2 Bed | $272,000 | 4.6% |
3 Bed | $387,000 | 2.9% |
4 Bed | $578,000 | 4.7% |
| 5 Bed | $1,063,000 | 6.2% |
% of Housing Stock
Rental Trends — Groton, CT
As of July '25, Rentcast reports the average rent in Groton, CT is $2,370, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Groton, CT is studios: $1,960, 1-bedrooms: $1,680, 2-bedrooms: $2,200, 3-bedrooms: $3,330, 4-bedrooms: $3,410. The most common rental property sizes in Groton, CT are 2-bedroom and 1-bedroom, accounting for 48.3% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,370 |
| Studio Rent | $1,000 | $1,960 |
| 1 Bed Rent | $1,620 | $1,680 |
| 2 Bed Rent | $2,100 | $2,200 |
| 3 Bed Rent | $2,750 | $3,330 |
| 4 Bed Rent | $3,200 | $3,410 |
% of Rental Stock
Property Listings — Groton, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Groton, CT is 50. This is a increase of 50.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $465,000 | 17.0% |
Listing Count | 55 | 22.0% |
| Listings as % of Homes | 0.3% | 22.0% |
Days on Market | 50 | 50.0% |
Demographics — Groton, CT
As of the latest ACS Survey released in 2023, Groton, CT has a population of 29,800, which has decreased by -3.0% over the past 5 years. Groton, CT is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | -3.0% |
% Under 18 | 18.9% | -6.0% |
% Seniors | 16.5% | 37.5% |
% WFH | 12.3% | 59.7% |
% w/ College Degree | 38.1% | 26.6% |
As of the latest ACS Survey released in 2023, Groton, CT is a predominantly white area, with 65.9% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Groton, CT is hispanic, making up 14.6% of the population. Foreign-born residents account for 9.3% of the population in Groton, CT, and this percentage has increased by 2.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.9% | 0.8% |
% Black | 6.2% | -28.7% |
% Hispanic | 14.6% | -6.4% |
% Asian | 6.8% | 17.2% |
% Foreign Born | 9.3% | 2.2% |
Mortgage and Risk — Groton, CT
According to HUD data as of 2023, there were 357 mortgage originations in Groton, CT, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Groton, CT. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 357 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Groton, CT
As of 2024, the percent of homes in Groton, CT under the Section 8 program is 9.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Groton, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 758 |
Total Units Section 8 | 718 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 93.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $1,620 | $1,380 |
| 2 Bedroom | -$410 | $2,100 | $1,690 |
| 3 Bedroom | -$560 | $2,750 | $2,190 |
| 4 Bedroom | -$370 | $3,200 | $2,830 |
Affordability — Groton, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $364,000 |
| Median Household Income | $77,800 |